Sun, Mar 1, 2015, 8:18 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Wal-Mart Stores Inc. Message Board

  • bluecheese4u bluecheese4u May 7, 2013 2:07 PM Flag

    Boehner suggests House will take its time on Internet sales tax

    Bernie Becker and Mike Lillis - 05/07/13 12:10 PM ET

    Speaker John Boehner (R-Ohio) suggested Tuesday that the online sales tax legislation that easily cleared the Senate this week was not one of the House's top priorities.

    Boehner referred reporters at a news conference to the chairman of the House Judiciary Committee, Rep. Bob Goodlatte (R-Va.), who has expressed concerns about the Senate bill.

    “I think they have jurisdiction over this. I've not talked to him about it,” Boehner said. “I don't know what his intent is, in terms of whether he's interested in moving it through his committee or not.”

    “I'm for regular order,” Boehner added, when pressed about whether he is personally interested in the bill.

    The Senate passed the bipartisan Marketplace Fairness Act by a 69 to 27 vote on Monday, with most Democrats — except for five who represent states without a sales tax — backing the bill.

    Senate Republicans split roughly down the middle — 21 for, and 22 against — on the proposal. The breakdown underscores that the measure likely faces a rockier path in the GOP-controlled House.

    But retail groups and state governments, which could gain more than $20 billion in new revenue each year under the bill, have made the sales tax measure a major priority. Because of that, Boehner, Majority Leader Eric Cantor (R-Va.) and other GOP leaders will find themselves under intense pressure to bring the bill to the floor, according to a leading House Democrat.

    “I think the overwhelming number of Democrats are for this bill, I think a large number of Republicans are for this bill,” Minority Whip Steny Hoyer (D-Md.) told reporters shortly after Boehner’s comments. “I think they're going to get a lot of pressure from retail people in their states who are having to compete with online sellers who don't pay tax.”

    Currently, states can only charge sales tax


    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Contact your representatives

      Contact Speaker of the House John Boehner, R-Ohio

      • 1 Reply to bluecheese4u
      • Boehner says he 'probably' can't support online sales tax bill

        Bernie Becker - 05/07/13 06:08 PM ET

        Speaker John Boehner (R-Ohio) said Tuesday that he likely couldn’t support the online sales tax bill that the Senate passed this week, underscoring the challenge that supporters face in getting the measure through the lower chamber.

        Boehner told Bloomberg Television that the Marketplace Fairness Act, which got 69 votes in the Senate on Monday, would heap a “big burden on some very small businesses.”

        "I just think that moving this bill where you have 50 different sales tax codes, it is a mess out there,” Boehner said. “You are going to make it much more difficult for online businesses to be able to comply with it.”

        The Speaker, in his most dismissive comments yet on the bill, also said “probably not” when specifically asked if he could support it, and noted once more that the bill would have to go through the House Judiciary Committee, where Chairman Bob Goodlatte (R-Va.) has outlined an extensive list of concerns about the bill.

        Proponents of the online sales tax bill – including big box stores like Wal-Mart, the online giant Amazon and state governments – have said that they had momentum following the lopsided Senate vote, and that a bill could even get to President Obama’s desk this year.

        The Marketplace Fairness Act, those groups say, would merely close a loophole exploited by online businesses, and could give states billions in needed extra revenue each year.

        The bill would allow states to collect sales tax revenue whenever a resident made an online purchase from a U.S. retailer. Currently, states can only collect from businesses that have a physical location in that state.

        But opponents of the group – including prominent small government organizations like Heritage Action and Grover Norquist’s Americans for Tax Reform – have long said


83.93+0.13(+0.16%)Feb 27 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.